PAC has been around for some time now, but it seems that everyone is wondering: what on earth is PAC? There is only a few information about what PACcoin is, but one is for sure – this coin is at its cornerstone already starting to trade at 0.0000$. Seems like a cost-effective chance for investing? It might be. Let’s see what we can find.
What We Know About PAC
PACcoin is said to be an alternative currency – whatever that means – but no one can tell for sure what the main idea behind this token is. Some tokens can brag about supporting communication, the entertainment industry, gambling, science or pose as unique platforms that enable easy and simple commerce, PACcoin is simply an alternative. An alternative to what? For other coins possibly. But, this coin has a long way to go before it can be even considered as a source of serious and successful investments.
This token was first launched almost five years ago, in 2013. The coin was launched and developed by William Corliss, and back in that time, PACcoin was known as Pacific Nation the Kingdom of God PACcoin – talking about a dramatic entrance! Once the token was re-launched and rebranded it had nothing to do with the “Kingdom of God or Pacific Nation,” but PAC stood as an abbreviation for People’s Alternative Choice Coin. Again, we have that “alternative” in its name. But, alternative for what?
That remains unclear.
However, PACcoin developers have decided to create another project, called Redemption, obviously in terms of redeeming for a pretty undeveloped coin, as basically that is how the public sees PAC.
The rest of potential investors see it simply as a new cheap investment and a new opportunity to potentially earn some cash. 7
The Redemption was scheduled for February 1st, and the re-launching is announced on March 1st.
What is going on With PAC at This Moment?
PACcoins started to trade at 0.0000$ as of only a couple of days ago. Later on, the coin gained some on its price with a couple of increases that helped the price jump from non-existent to existent. After the latest decrease that made the price drop for over –9%. This decrease led to the current price of 0.000031$, which is still better than having the coin traded at 0$.
For now, it remains uncertain what will happen with PACcoin and how well this coin will perform after being re-launched three weeks from now. For now, we strongly advise to give this token a thought and consider investing – the price is still too low, so even if the coin drops again, you won’t be losing much money.
Just remember that big coins can drop as well as “small” coins. As far as the idea behind PAC concerned, it looks like we will have to wait for March and see what we’ll be dealing with.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.
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